Answer by Axion004 for Expected payoff in a dice rolling game
The possible outcomes of rolling two die are equal to the sample space of the first die $(6)$ multiplied by the sample space of the second die $(6)$. This creates 36 possible...
View ArticleAnswer by tisPrimeTime for Expected payoff in a dice rolling game
That is indeed correct. So you expect to lose $1.66 playing this game.
View ArticleExpected payoff in a dice rolling game
Suppose you roll a pair of dice. If you roll a total of 7, you win \$20, if you roll a total 11, you win \$50; If you roll any other total you lose \$10. Find the expected payoff for this game.My...
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